Do electricity supply constraints matter for comparative advantage? : a neoclassical approach
Data(s) |
08/04/2014
08/04/2014
01/03/2014
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Resumo |
This paper examines the extent to which electricity supply constraints could affect sectoral specialization. For this purpose, an empirical trade model is estimated from 1990-2008 panel data on 15 OECD countries and 12 manufacturing sectors. We find that along with Ricardian technological differences and Heckscher-Ohlin factor-endowment differences, productivity-adjusted electricity capacity drives sectoral specialization in several sectors. Among them, electrical equipment, transport equipment, machinery, chemicals, and paper products will see lower output shares as a result of decreases in productivity-adjusted electricity capacity. Furthermore, our dynamic panel estimation reveals that the effects of Ricardian technological differences dominate in the short-run, and factor endowment differences and productivity-adjusted electricity capacity tend to have a significant effect in only the long-run. |
Identificador |
IDE Discussion Paper. No. 462. 2014.3 http://hdl.handle.net/2344/1322 IDE Discussion Paper 462 |
Idioma(s) |
en eng |
Publicador |
Institute of Developing Economies, JETRO 日本貿易振興機構アジア経済研究所 |
Palavras-Chave | #Developed countries #Electric power #Manufacturing industries #Technology #Productivity #International trade #Factor endowments #GDP function #Comparative advantage #Electricity #540.93 #D Developed countries 先進国 #F1 - Trade #F11 - Neoclassical Models of Trade #Q40 - General |
Tipo |
Working Paper Technical Report |